Clear2Pay secures €50 million from Aquiline

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[Belgium]Clear2Pay, an electronic payments company, has secured €50 million to fund its next stage of growth and potential strategic acquisitions. The investment was led by the New-York based Aquiline Capital Partners and previous investors.

This investment is taking place in the context of the sale of all shares held by Belgium VC Gimv to Aquiline. The sale has a positive impact of €2.2 million (EUR 0.10 per share) on Gimv’s last published equity value at 30 September 2009.

Clear2Pay, which is profitable, specialises in secure electronic payments and disrupts the existing legacy payment silos in banks.

Founded in 2001, headquartered in Brussels, Belgium, and employing 450 staff the company reduces transactions processing costs and cover the whole gamut of payments.

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Crunchbase

OverviewClear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payment Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time providing their clients with better payment services that are faster, with richer payments …

Sash: They build payment processing software that allows banks to keep more of the payment processing in-house vs farming it out to other banks. Thus allowing banks to keep more of the transaction fees, process more types of payments, increase speed, etc.

Sash

thanks!

http://tallpeopledate.com sam klume

They should do well , good luck to them

http://www.bluemind.nl Ron Belt

Very impressive amount of money that these guys ave raised in this climate! Well done Michel & Team